Alcohol manufacturer and distributor Amber Beverage Group (ABG) has purchased a 100% stake in Australian distributor Think Spirits.

Financial details of the transaction have not been disclosed by either company.

Amber Beverage Group CEO Seymour Ferreira said: “This acquisition is important strategically for ABG as part of our ambition to become a truly global beverage company.

“The team at Think Spirits has done an excellent job steering the business through recent challenging times in the region.

“With China and parts of Asia opening up, we see great potential for our business and Australia is a country which is leading the way out of the crisis.

“What we are seeing in China and Australia is an indicator of what will happen in the rest of the world with retail re-opening, wholesalers and the on-premise coming back to business and Think Spirits is well-positioned to help us expand into these exciting markets.”

In 2018, ABG acquired a 90% stake in Think Spirits. The acquisition of the remaining stake gives it full ownership of the company.

According to the agreement, Think Spirits founder and managing director Patrick Borg and his team will continue their association with the business.

Borg said: “Having established the business in 2004, we have built it up to become one of the leading players in the Australian drinks trade and being 100% owned by ABG will give us the opportunity to expand even further.

“Even with the challenging conditions over the last few months, our business is doing extremely well and our figures are way ahead of last year, which is great for all of us.”

In February, ABG acquired a significant stake in Indie Brands, a UK-based premium spirits distribution company.